Allotment

Tejas Cargo India Limited is launching a book-built IPO to raise ₹105.84 crore through a fresh issue of 0.63 crore shares. The issue aims to strengthen the company’s capital base and support its growth plans.
The IPO bidding opened on February 14, 2025, and closed on February 18, 2025, with allotment finalized on February 19, 2025. The shares were subsequently listed on NSE SME on February 24, 2025.
The IPO has a price band of ₹168 per share, and the lot size for applications is 800 shares. Retail investors can apply for a minimum of one lot (800 shares), requiring an investment of ₹1,34,400 at the upper price, while HNI investors need to bid for a minimum of two lots (1,600 shares), amounting to ₹2,68,800. Investors can apply in multiples of the lot size.
New Berry Capitals Pvt. Ltd. is the book running lead manager, while Bigshare Services Pvt. Ltd. acts as the registrar of the issue. Additionally, New Berry Capitals Pvt. Ltd. serves as the market maker for the IPO, ensuring liquidity and smooth trading on the NSE SME platform.
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| IPO Date | 24 Feb |
| IPO Listing Date | 24 Feb |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹168.00 |
| IPO Issue Size | 63,00,000 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 1,75,92,840 shares |
| IPO Open Date | 14 Feb |
| IPO Close Date | 18 Feb |
| IPO Allotment (Tentative) | 19 Feb |
| Refunds | 20 Feb |
| Credit to Demat Account | 20 Feb |
| IPO Listing Date | 24 Feb |
| Category | Offer |
|---|---|
| QIB Shares Offered | 29,60,000 Shares |
| NII (HNI) Shares Offered | 8,88,800 (14.11%) Shares |
| Retail Shares Offered | 20,72,800 Shares |
Investors can apply for a minimum of 800 shares, with additional bids allowed in multiples of 800 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,34,400 |
| Retail (Max) | 1 | 800 | ₹1,34,400 |
| S-HNI (Min) | 1 | 1,600 | ₹2,68,800 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in March 2021, Tejas Cargo India Limited is a Faridabad, Haryana-based logistics company providing supply chain and road transportation services across India.
The company specializes in express road transportation under the Full Truck Load (FTL) model, catering to sectors such as logistics, steel, e-commerce, FMCG, and white goods.
Fleet and Operations:
As of October 31, 2024, Tejas Cargo operates a fleet of 1,131 vehicles, including 913 container trucks and 218 trailers, ranging from 32 to 40 feet with a capacity of up to 42 tonnes.
The average age of the fleet is 3.4 years for container trucks and 0.7 years for trailers.
In Fiscal 2024, the company completed 98,913 trips, with over 58,943 trips recorded as of September 30, 2024.
Nationwide operations are supported by 23 branches for placement, loading, and unloading.
The company employs 284 staff members as of September 30, 2024.
Competitive Strengths:
In-House Maintenance & Direct Procurement: Reduces downtime and ensures quality control.
Technology-Driven Operations: Uses modern systems to monitor and optimize fleet performance.
Asset-Heavy Model: Ownership of vehicles enables better control over operations and service reliability.
Diversified Client Base & Revenue Sources: Reduces dependency on any single sector.
Experienced & Motivated Management: Strong leadership driving growth and operational efficiency.
Proven Track Record: Consistent growth supported by a robust financial position.
| Assets | 294.29 | 236 | - |
| Total Income | 255.09 | 422.59 | - |
| Profit After Tax | 8.75 | 13.22 | - |
| EBITDA | - | - | - |
| NET Worth | 63.16 | 55.45 | - |
| Reserves and Surplus | 46.6 | 55.2 | - |
| Total Borrowing | 206.28 | - | - |
| ROE | 38.62% |
| ROCE | 28.30% |
| Debt/Equity | - |
| RoNW | 23.85% |
| PAT Margin | 3.13% |
| EBITDA Margin | - |
| Price to Book Value | 0.07 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 30 |
| 3 | To meet out the General Corporate Purposes; | 21.47 |
| 4 | Offer for Sale (OFS) | - |
Tejas Cargo India Ltd. Address
3 rd Floor, Tower B
Vatika Mindscape 12/3 , Mathura Road, Sector-27D,
NH-2,
Faridabad, Haryana, 121003
+91-129-4144812
compliance.officer@tcipl.in
https://www.tcipl.in/
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html